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Dollar falls on concerns over global growth, Fed comments NEW YORK: The US dollar fell against a basket of major currencies on Monday on persisting concerns about global economic growth and worries that the Federal Reserve may delay its first interest rate hike.Concerns over the health of overseas economies continued in the wake of last week's weak German economic data and the International Monetary Fund's cut to its global growth forecast. Meanwhile, Fed officials said on Saturday that a slowdown in the global economy could hamper a tightening of U.S. monetary policy."If the U.S. is not going to raise rates as aggressively as the market anticipated ... you can make the case for being short dollars," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. He said Germany's signs of weakness remained "a big concern" on Monday.Fed Vice Chairman Stanley Fischer said at a Saturday event sponsored by the IMF that the global outlook might hamper ...

Dollar rises for 2nd day on concerns about global economy NEW YORK: The dollar firmed for a second straight session on Friday after three consecutive days of losses, bolstered by safe-haven bids on worries about the health of the global economy with slow-downs evident in Europe, Japan, and China."Dollar strength is still on the table here going forward and the driver behind that is policy divergence," said Andrew Dilz, currency strategist at Tempus Consulting in Washington. "We're seeing a rate hike in the United States ...
Euro rises despite weak German data, lower IMF outlook NEW YORK: The euro crept higher against the dollar Tuesday despite weak data on Germany, Europe's largest economy, and a lowered global growth outlook from the International Monetary Fund.US and European stock markets and oil prices tumbled Tuesday as investors worried about the slowing global economy after the IMF lowered its global growth outlook, warning of stagnation in advanced economies.It trimmed this year's growth to 3.3 percent, down from its July estimate of 3.4 percent, ...
Dollar surges to four-year high on robust US jobs report NEW YORK: The dollar climbed to a more than four-year peak on Friday after a report showing the US economy created more jobs than expected last month, which suggested that the US recovery was on a stable path. The dollar index, a gauge of the greenback's value against six major currencies, was on track for its best yearly gain in nine years.The index was up 8 percent so far in 2014, posting weekly gains for ...
Dollar falls from 6-year high vs yen as US yields slide NEW YORK: The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Treasury debt yields amid weakness in global stocks.Investors also booked profits on long U.S. dollar positions ahead of key event risks - the European Central Bank's monetary policy meeting on Thursday and Friday's U.S. non-farm payrolls report.Still, the dollar is expected to sustain its strength for the rest of the ...
Dollar hits 4-year high, heads for best quarter in 6 years NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.The Norwegian crown was another big mover, up 0.9 percent to a three-week high of 8.1084 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in ...
US dollar share of central bank FX reserves steady in Q2: IMF NEW YORK: The US dollar share of global central banks' currency reserves was a little more than 60 percent in the second quarter of 2014, according International Monetary Fund data released on Tuesday.The greenback's share of FX reserves was $3.830 trillion, or about 60.6 percent of total allocated reserves, roughly the same as the first quarter. At the beginning of the financial crisis in 2008, the dollar's share of global currency reserves was about 63 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln